Malaysia Stock Market - Sentiment Index

(This version replaced “Malaysia Stock Market – End of the day”)

Market sentiment followed the index progressed into negative tone shortly after opening. The intra-day Oscillator was seen lingering in the red but loss was insignificant. The Oscillator ended at -523.02; lost 595.79 when compares with its starting point. The Average recorded a loss of 484.63.

At the end of the day, %K Line (yellow) of MSCD recorded as +179.77 (-120.76), %D Line (red) +58.68 (-43.48) and the Histogram +173.77 (-13.17). Both indicators hooked slightly down and the Histogram printed its first shorter bar.

Market sentiment weakened further whilst the key index, FBMKLCI, printed yet another black candle today. The index has returned to the previous channel and look like it is going to form a higher-low inside the channel before it rebounds. Inevitably, market sentiment will retrace from its bullish mode and Low-liners which have been moving up for quite sometimes will take a breather.

Constructed and Written by Smartbiz (FBMKLCI Chart extracted from ChartNexus)

(Note: You can read the explanation for Intra-Day MSO and MSCD from the achieves under heading "Labels" at the lower portion of the sidebar.)